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Today's Trading Strategies
March 23, 2023
 
   
 
AUD/USD   Gold   GBP/USD   USD/JPY   Nasdaq 100 (CME)   Dow Jones (CME)   GBP/JPY  
 
 
 
 
  Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
 
 
     
 
AUD/USD Intraday: further advance.
 
Pivot:
0.6700
 
Our preference:
Long positions above 0.6700 with targets at 0.6745 & 0.6765 in extension.
 
Alternative scenario:
Below 0.6700 look for further downside with 0.6685 & 0.6665 as targets.
 
Comment:
The RSI is bullish and calls for further advance.
 
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Gold Intraday: bullish bias above 1952.00.
 
Pivot:
1952.00
 
Our preference:
Long positions above 1952.00 with targets at 1979.00 & 1992.00 in extension.
 
Alternative scenario:
Below 1952.00 look for further downside with 1945.00 & 1935.00 as targets.
 
Comment:
The RSI is mixed with a bullish bias.
 
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GBP/USD Intraday: further upside.
 
Pivot:
1.2270
 
Our preference:
Long positions above 1.2270 with targets at 1.2335 & 1.2365 in extension.
 
Alternative scenario:
Below 1.2270 look for further downside with 1.2245 & 1.2220 as targets.
 
Comment:
The RSI advocates for further upside.
 
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USD/JPY Intraday: the downside prevails.
 
Pivot:
131.35
 
Our preference:
Short positions below 131.35 with targets at 129.85 & 129.40 in extension.
 
Alternative scenario:
Above 131.35 look for further upside with 131.80 & 132.25 as targets.
 
Comment:
The RSI has broken down its 30 level.
 
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Nasdaq 100 (CME)‎ (M3)‎ Intraday: key resistance at 12810.00.
 
Pivot:
12810.00
 
Our preference:
Short positions below 12810.00 with targets at 12680.00 & 12600.00 in extension.
 
Alternative scenario:
Above 12810.00 look for further upside with 12890.00 & 12985.00 as targets.
 
Comment:
As long as the resistance at 12810.00 is not surpassed, the risk of the break below 12680.00 remains high.
 
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Dow Jones (CME)‎ (M3)‎ Intraday: key resistance at 32570.00.
 
Pivot:
32570.00
 
Our preference:
Short positions below 32570.00 with targets at 32240.00 & 32040.00 in extension.
 
Alternative scenario:
Above 32570.00 look for further upside with 32820.00 & 33000.00 as targets.
 
Comment:
As long as the resistance at 32570.00 is not surpassed, the risk of the break below 32240.00 remains high.
 
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GBP/JPY intraday: rebound towards 162.20
 
Our pivot point stands at 160.28.
 
Our preference:
Rebound towards 162.20.
 
Alternative scenario:
Below 160.28, expect 159.59 and 159.17.
 
Comment:
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 161.19 and 161.93).
 
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